Vietnamese currency: A silent flow shaping the nation’s position
For more than 74 years, Vietnam’s banking sector has accompanied the nation through war, peace, subsidy-driven planning, reform, and now the digital era.
Developing microfinance institutions to help curb “black credit”
The State Bank of Vietnam (SBV) has requested credit institutions to enhance management to ensure their staff adhere to legal regulations and do not take part in “black credit” activities.
M&A wave set for banking sector in 2020
2020 is believed to be a do-or-die year for banks since the SBV has decreed that they must all meet global capital adequacy norms, according to analysts.
Banks post high profits in 2018
Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.
Sacombank’s NPL ratio declines sharply to 4.4 percent
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has successfully reduced its non-performing loans (NPLs) ratio to 4.4 percent after operating for a year under a Government-approved restructuring scheme.